AT Beats Q2 Earnings Estimates on Subscriber Growth, Raises Buyback Plan to $10 Billion
AT reported adjusted earnings of $0.65 a share in the second quarter, beating analyst estimates as wireless subscriber additions and free cash flow surpassed forecasts. Revenue came in at $31.6 billion, a slight miss, driven by a stronger-than-expected 432,000 postpaid phone subscriber increase and 5.1% growth in advanced connectivity services.
The company reaffirmed its full-year outlook and announced it will accelerate share repurchases to approximately $10B for 2026, citing confidence in its cash generation. The updated buyback target exceeds the previously expected $8.23 billion and supports a broader $45 billion capital return program running through 2028.
From the sources (3 posts)
@stockmktnewzAT&T $T JUST REPORTED EARNINGS EPS of $0.65 beating expectations of $0.59🟢 Revenue of $31.6B missing expectations of $31.8B🔴
@wallstengineAT&T $T Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $31.6B (Est. $31.7B) 🟡; +2.3% YoY 🔹 Adj. EPS: $0.65 (Est. $0.6) 🟢; +20.4% YoY 🔹 Adj EBITDA: $12.3B (Est. $12.11B) 🟢; +5.2% YoY 🔹 Free Cash Flow: $4.7B (Est. $4.51B) 🟢; +7% YoY 🔹 Postpaid Phone N
@globeandmailAT&T adds more wireless subscribers than expected as bundle offers gain traction, shares jump